Business
Grant of options
Grant of options.
About this update from Cap-xx Limited
[{"type":"text","content":"\n\n14 August 2024\nCAP-XX Limited\n(\"CAP-XX\" or \"the Company\")\nGrant of options\nFurther to the Company's announcement on 18 June 2024, the Board of CAP-XX, a world leader in the design and manufacture of supercapacitors and energy management systems, announces that the Company has granted 60,000,000 options (the \"Options\") over ordinary shares of no par value in the Company (\"Ordinary Shares\") to certain employees.\nThe exercise price of the Options is 0.08p, as was announced on 18 June 2024, being the closing mid-market price of an Ordinary Share on 17 June 2024, the last practicable date prior to the proposed grant of the Options. The Options vest annually in equal instalments over five years.\nFollowing this grant of Options, the total number of options outstanding over Ordinary Shares in the Company will be 224,165,000.\nFor further information contact:\nCAP-XX Limited\nPat Elliott (Chairman) +61 (2) 9157 0000\nLars Stegmann (Chief Executive Officer)\n \nAllenby Capital (Nominated Adviser and Broker)\nDavid Hart / Piers Shimwell (Corporate Finance) +44 (0) 20 3328 5656\nTony Quirke / Stefano Aquilino (Sales and Corporate Broking)\n \nNotes to Editors:\nCAP-XX (LSE: CPX) is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high-power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics a...